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TDUX
Jun 26 - 03:55 PM

AUD/USD - Bears Ceded Some Ground

By Christopher Romano  —  Jun 26 - 02:01 PM

• NY opened near 0.6900 after 0.6875 traded overnight, the pair slid early

• 0.6895 was neared, buyers emerged as USD, US yields

sank

• Gold, silver and copper rallied as did equities while USD/CNH fell

• AUD/USD hit 0.6917 then pulled back, the pair sat just above 0.6900 late

• The pair was trading down only -0.14% in NY's afternoon

• A daily bull hammer candle formed, daily RSI didn't confirm today's low

• Falling monthly RSI & AUD/USD's hold below the 10- & 21-DMAs are bearish
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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